Answer ... An award should be made in writing and signed by the arbitrators. If the award was issued by three or more arbitrators, the signatures of the majority of all members of the tribunal is sufficient, provided that the reasons for the missing signatures are stated.
An award should state:
- the reasons on which it is based;
- the arbitration agreement on the basis of which it was issued;
- the names of the parties and the arbitrators; and
- the date and place of its issuance.
The award should be served on each party.
Answer ... There is no timeframe for issuing an award.